Many people join the crypto market constantly with a specific dream, but due to some mistakes of their own, they are quickly expelled from the market. Emotions and greed act in many investors when entering the market but we know that such markets are not driven by emotion and greed. To survive here, one must do something exceptional and develop oneself as an expert. Today I will discuss with you how you can become a successful trader or what rules you need to follow for that. So let's get started.

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Learn:

If you want to be a good and successful trader then there is no substitute for learning. Also, you must understand that crypto markets are volatile but one more thing is important that as volatile as these markets become they usually follow certain rules. So you must know well about the rules when the market can be up and when the market can be down. Knowing this is extremely important for you if you want to be a successful trader. So to me it is most important because the more you learn the more you will know and the more you will understand about the market.

Do demo trading or practice first :

Then what I think is that you first create a verify account without trading directly and then you can practice demo trade there if you want. As a result it will increase your trading knowledge. And you will know about your mistakes and you will understand where you need to improve. Then when you feel you have learned a lot then start trading with real money.

Make a good trading plan and strategy:

Then what is very important for you is that you should make a good plan how you will trade. That's why you have a plan as well as your own strategy. Because no matter how skilled you are you must execute a good plan and strategy. Without strategy and proper planning you will never be successful here so you must adopt it.

Less investment less profit:

You must follow the principle of less investment less profit in the beginning. If you are just starting trading you should start with few dollars at first and be happy with small profit at first. Then you can gradually increase your investment and increase the profit. If you really want to be a successful trader then you must adhere to it. Because if you get greedy and expect extra investment and extra profit then you can lose your money very easily.

Risk Management:

No matter how successful a trader you are, you must adhere to risk management. You should learn to save money by doing money management for at least 6 months. This is definitely an important point and you must follow it if you want to profit or keep your portfolio in any market and in any situation.

Always try to know the market updates:

In the end the most important thing is that you must always follow the market news and events. Because currently the market is affected by various negative or positive news. So you need to keep proper updates about these things. And use this time.